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Trump Stacks Key Regulatory Body Panel With Crypto, Gambling Ceos
(MENAFN- Asia Times)
Alarms are being raised amid reports that President Donald Trump is stacking a key regulatory committee with CEOs of online prediction markets, cryptocurrency firms and sports betting apps.
As reported on Thursday by the Daily Wire, the Commodity Futures Trading Commission (CFTC) is launching a new initiative called the Innovation Advisory Committee, which CFTC Chairman Michael Selig said would be tasked with ensuring“the CFTC's decisions reflect market realities so the agency can future-proof its markets and develop clear rules of the road for the Golden Age of American Financial Markets.”
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